How To Fix G0604 - Specify the life of the amortization

SAP Error Message - Details

• Message type: E = Error

• Message class: G0 - Messages for SAP Consolidation

• Message number: 604

• Message text: Specify the life of the amortization

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message G0604 - Specify the life of the amortization ?

  The SAP error message G0604, which states "Specify the life of the amortization," typically occurs when you are trying to create or modify an asset in the Asset Accounting (FI-AA) module without specifying the required amortization period or useful life for that asset.
  Cause:
  The error is triggered when:
  
  The asset master record does not have a defined useful life or amortization period.
  The asset class settings do not have a default useful life defined.
  The transaction being performed requires a specified life for the asset, but it has not been provided.
  
  Solution:
  To resolve the G0604 error, you can take the following steps:
  
  
  Check Asset Master Record:
  
  Go to the Asset Master Record (Transaction Code: AS01 or AS02).
  Ensure that the "Useful Life" or "Amortization Period" fields are filled in correctly. This is usually found in the "Depreciation" tab.
  
  
  
  Review Asset Class Settings:
  
  Navigate to the Asset Class configuration (Transaction Code: OAOA).
  Check the settings for the asset class you are using to ensure that a default useful life is defined. If not, you can set a default value that will apply to all assets created under that class.
  
  
  
  Specify Useful Life During Asset Creation:
  
  If you are creating a new asset, make sure to specify the useful life in the relevant field during the asset creation process.
  
  
  
  Check Depreciation Areas:
  
  Ensure that the depreciation areas associated with the asset are correctly configured and that they have the necessary settings for useful life.
  
  
  
  Consult Documentation:
  
  If you are unsure about the correct values to enter, consult your organization's asset accounting policies or SAP documentation for guidance on useful life definitions.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  AS01: Create Asset
  AS02: Change Asset
  AS03: Display Asset
  OAOA: Asset Class Configuration
  
  
  
  Useful Life Determination:
  
  Useful life can vary based on the type of asset, industry standards, and organizational policies. It is important to ensure that the values entered comply with accounting standards and regulations.
  
  
  
  SAP Notes:
  
  Check SAP Notes for any specific patches or updates related to Asset Accounting that might address similar issues.
  
  
  
  By following these steps, you should be able to resolve the G0604 error and successfully manage your asset records in SAP.